MediaOne posts double-digit gains in 1Q. (MediaOne Group)
Multichannel News, May, 1998 by Gibbons, Kent
Us West Media Group (UMG) reported double-digit gains in revenue and cash flow during the first quarter, with solid growth in the MediaOne Express high-speed data service and surprising early strength from telephone launches. The company, which is changing its name to MediaOne Group, said operating cash flow rose 11.8 percent, to $693 million from $620 million in the same period a year ago.
Revenue rose 11.4 percent, to $ 2.34 billion from $2.1 billion. The MediaOne MSO unit added about 8,400 subscribers in the quarter, an internal growth rate of 1.5 percent. After pushing through January rate increases that averaged about 9 percent, revenue per subscriber grew 8.3 percent, to $39.17 per month, as the company reported that its churn rate actually dropped,...
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